Cyvers in the News

Unprecedented Cyber Theft Shakes Cryptocurrency Market: What You Need to Know

^{‍Leading the charge in combating these threats is Cyvers, an AI Web3 security firm at the forefront of innovation in real-time threat detection and proactive mitigation strategies.}

Teaming up with industry partners, Cyvers is dedicated to fortifying the resilience of digital assets against a myriad of cyber threats, ensuring the protection of investments and the orderly functioning of cryptocurrency markets.

FixedFloat Crypto Exchange Allegedly Exploited for $2.8M

‍The incident follows a previous security breach in February, suggesting vulnerabilities in access controls.

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^{‍"The security breach at FixedFloat suggests an access control issue, similar to a previous hack on February 16,” Cyvers Alerts told BSCN. “In both incidents, unauthorized access to the hot wallet led to the withdrawal of significant funds ($2.8M and $26M, respectively).”}

Binance Labs-backed OpenLeverage suffers $236k exploit

^{‍According to CyversAlert, the attacker’s wallet for covering fees was funded by Tornado Cash}, an OFAC-sanctioned crypto mixing protocol, although the specifics of the attack remain unclear as of press time.

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